One of the cases filed by the Economic and Financial Crimes Commission (EFCC) against renowned Nigerian rogue banker, Erastus Akingbola, was quashed by a judge of the Federal High Court in Lagos today for lack of diligent prosecution.
Mr. Akingbola and his associate Bayo Dada were standing trial on a 22-count charge bordering on stealing of N42.4 billion from the Intercontinental Bank Plc where he was managing director.
Saharareporters sources said the judge of Federal High Court in Lagos Justice Charles Archibong acted strangely when he abruptly dismissed the corruption charges Mr. Akingbola for lack of diligent prosecution.
The judge had earlier granted the EFCC legal team leave to amend the charges against the rogue banker.
Legal sources stated that the judge also overreached when he directed the Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, to dissolve the prosecuting team of the EFCC handling the case.
The case of the rogue banker is the eight case quashed in course of well-packaged deals with corrupt persons spearheaded by President Goodluck Jonathan and his Attorney General of the Federation, Bello Adoke.
Last week Saharareporters did an expose on the deal which is aimed at raising funds for Mr. Jonathan's plan to run for office in 2015.
Our sources said the case of Francis Atuche, the former managing Director of Bank PHB is next in line to be tossed in a similar deal spearheaded by the Chief Judge of the Federal High court of Nigeria, Ibrahim Auta.
Last week an Abuja high court using a similar language tossed the case against Ndudi Elumelu following a letter he wrote to President Jonathan asking for his intervention.